14 February 2014

Gold Daily and Silver Weekly Charts - Dead on Target

Gold ran right up to the chart's first 'red resistance' line today at 1320 and stuck to it, with the usual wobbling back and forth.

So needless to say it took out its 200 Daily Moving Average with some authority. 

Silver popped a buck and change, and settled for 21.50ish.

The Comex bullion warehouses took in 2,199 ounces of gold into the delivery bins at Brink's, but nothing seems to be going out, so far, even to those who have taken delivery.

As a reminder the US markets will all be closed on Monday for President's Day.  Please attempt to carry on without their guidance.

Have a pleasant weekend.  See you Monday evening.